The added value of industrial enterprises above designated size in Fujian Province increased by 5.4% year on year in August

From:Fujian International Investment Promotion Center Date:2023-10-07【Font:large regular

Journalists learned from Fujian Provincial Bureau of Statistics that from January to August this year, the added value of large-scale industries in the province recorded a  year-on-year increase of 2.1%, up by 0.3 percentage points compared to the period from January to July. In breakdown, in August, the added value of large-scale industries in the province increased by 5.4% from the previous year, an increase of 0.1 percentage points from July.

Analysis shows that from January to August, among the 38 major industrial sectors in the province, 22 sectors recorded year-on-year growth in value added, with a growth rate of 57.9% across industries. Divided by the three major categories, the value added of the mining industry climbed by 5.5% year on year, the manufacturing industry increased by 2.0%, and the electricity, heat, gas, and water production and supply industry rose by 2.1%.

Specifically, large and medium-sized enterprises have stepped up the growth rate. The data shows that from January to August, the added value of large and medium-sized industrial enterprises above the designated size in the province increased by 4.0% from the previous year, which is 0.2 percentage points higher than that of January to July, and 1.9 percentage points higher than the provincial average, driving the growth of industrial enterprises above the designated size in the province by 2.6 percentage points. In August, the added value of large and medium-sized enterprises expanded by 6.4% year-on-year, contributing 75.2% to the growth of industrial enterprises above the designated size in the province, 0.3 percentage points higher than that of July.

Private industry maintains a strong growth momentum. According to statistics, from January to August, the added value of large-scale private industrial enterprises in the province swelled by 3.1% from a year earlier, an increase of 0.2 percentage points than the period from January to July, and 1.0 percentage points higher than the growth rate of large-scale industrial enterprises in the province. The added value of private industry accounts for over 60% of the added value of the industrial sector, contributing 90.7% to the growth of the added value of the industrial sector in the province.

The growth rate of export delivery value continues to rebound. In August, the industrial enterprises above designated size in the province achieved export delivery value of 75.139 billion yuan, an increase of 1.3% compared to the same period last year, a rise of 1.2 percentage points from July. In terms of industries, among the 32 export industries, 19 of them saw an increase in growth rate or a narrowing of decline, with a recovery rate of 59.4%. In breakdown, the automobile manufacturing industry grew by 85.6%, an increase of 12.7 percentage points; the petroleum, coal, and other fuel processing industry grew by 23.6%, an increase of 1.1 percentage points.


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